Taiwan Semiconductor Manufacturing (NYSE:TSM) Shares Down 0.8%

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM - Get Free Report) fell 0.8% during mid-day trading on Thursday . The company traded as low as $153.60 and last traded at $154.30. 3,650,642 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 15,092,500 shares. The stock had previously closed at $155.58.

Analysts Set New Price Targets

A number of research firms have recently issued reports on TSM. StockNews.com raised shares of Taiwan Semiconductor Manufacturing from a "hold" rating to a "buy" rating in a research report on Thursday, April 11th. TD Cowen increased their price target on Taiwan Semiconductor Manufacturing from $100.00 to $130.00 and gave the company a "hold" rating in a report on Thursday, April 18th. Needham & Company LLC reiterated a "buy" rating and set a $168.00 price target on shares of Taiwan Semiconductor Manufacturing in a report on Thursday, April 18th. Barclays increased their price target on Taiwan Semiconductor Manufacturing from $145.00 to $150.00 and gave the company an "overweight" rating in a report on Friday, April 19th. Finally, Susquehanna increased their price target on Taiwan Semiconductor Manufacturing from $160.00 to $180.00 and gave the company a "positive" rating in a report on Tuesday, April 2nd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $157.00.

Taiwan Semiconductor Manufacturing Stock Down 2.2 %

The company has a quick ratio of 2.06, a current ratio of 2.33 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $789.53 billion, a P/E ratio of 29.00, a PEG ratio of 1.04 and a beta of 1.13. The firm has a 50-day moving average price of $140.37 and a two-hundred day moving average price of $119.85.

Taiwan Semiconductor Manufacturing (NYSE:TSM - Get Free Report) last posted its quarterly earnings data on Thursday, April 18th. The semiconductor company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.09. Taiwan Semiconductor Manufacturing had a return on equity of 25.25% and a net margin of 38.15%. The company had revenue of $18.87 billion during the quarter, compared to analysts' expectations of $18.38 billion. Equities research analysts anticipate that Taiwan Semiconductor Manufacturing Company Limited will post 6.16 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 9th. Stockholders of record on Thursday, September 12th will be given a $0.4865 dividend. This represents a $1.95 annualized dividend and a dividend yield of 1.28%. This is a boost from Taiwan Semiconductor Manufacturing's previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Thursday, September 12th. Taiwan Semiconductor Manufacturing's dividend payout ratio is currently 32.76%.

Institutional Investors Weigh In On Taiwan Semiconductor Manufacturing

Hedge funds have recently modified their holdings of the business. LifeSteps Financial Inc. bought a new stake in shares of Taiwan Semiconductor Manufacturing in the first quarter valued at approximately $27,000. North Star Investment Management Corp. lifted its position in Taiwan Semiconductor Manufacturing by 670.4% in the first quarter. North Star Investment Management Corp. now owns 208 shares of the semiconductor company's stock worth $28,000 after purchasing an additional 181 shares during the period. Tsfg LLC lifted its position in Taiwan Semiconductor Manufacturing by 470.7% in the first quarter. Tsfg LLC now owns 234 shares of the semiconductor company's stock worth $32,000 after purchasing an additional 193 shares during the period. Indiana Trust & Investment Management CO bought a new position in Taiwan Semiconductor Manufacturing in the first quarter worth $33,000. Finally, Cherry Tree Wealth Management LLC bought a new position in Taiwan Semiconductor Manufacturing in the first quarter worth $33,000. 16.51% of the stock is owned by institutional investors.

About Taiwan Semiconductor Manufacturing

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.